Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Bojo,
Yeh 17p support looks right to me on the chart too, its also a consistent price zone thats been respected over time so I would hope it can hold that level and grind back up ahead of news in the new year!
15p would be amazing here, good to see so much confidence in ECR
Looking forward to joining you and others on the journey ahead
Thanks mate,
ATB
Morning all,
New to ECR and started accumulating a position this week, looks like a very promising opportunity! Currently licking my wounds from OMI but trying to resist selling it down to pile in here. I’m conflicted on this however as ECR seems like it could leave the station fairly soon and not make many stops along the way haha
Thanks all holders for the informative posts
ATB
Morning all
Amazing AMG this week and MRE. Recalling enjoying the journey holding GGP for the long term.
I’ve been watching the price pinball upwards in a trend channel this year, and yesterday it was getting very close the top of that channel since the breakout at end of Nov. IMO when a stock is reaching a well respected level of support or resistance you can expect a strong reaction, in this case the recent phenomenal move to the upside has been exhausted and it will likely consolidate until it is ready to repeat the process as it moves onwards and upwards to 40p + beyond!!! Also, GGP has a history of selling off a bit on news so this was also in harmony with the way the chart looked imho
Add on the lows if you can afford to
& Hold for gold
atvb everyone
Hi normbeef
I have to admit valuable content from yourself and other seasoned posters on the BB has helped me cut through the cr*p and understand the potential for UFO so thanks for that. I initially got interested in the company due to its exposure to potentially high grade silver, and with the bull market ahead of us I thought it was worth the investment on that alone. Iron ore is something I’m still digesting and educating myself on but I am excited for the future as it seems very promising
Cheers for your input!
Have a good w/e
Hi normbeef,
Definitely mate, it’s overall looking really strong and with patience we will see that 3p eventually. But not until we get through 2p first like you said.
Yes clearly there is multiple catalysts that could shift this price and I’m positive we’ll all be rewarded if the patient/long term game is played! Looking forward to upcoming news and the effect it could have on the price given the strength of the chart
Roll on 2021
ATB
normbeef
The price is holding well above the 20ema now after testing the 50ema the other day, I expect if it can clear 1.50 then the next target would be a grind up towards 3p and then the next major resistance I’ve marked off is 4p! All in good time nice to see it holding up with no news, if news drops it’s primed to pop up sharply imo.
If and when it does hit 4p I expect there would be another sharp pullback from that point as it’s a psychological round number and also a major pivot in historical price
Still learning here & all IMO
ATB
Hi MKumar,
Thanks for pointing me to OMI, I’m not invested there but I did notice the daily chart pattern is consolidating nicely to form a perfect bullflag. I looked left on the daily chart all the way back and marked off clear consistency in price action over time, 20p looks like a significant pivot there and I expect OMI will retrace to that level similarly to UFO did around the 50ema. I think it will then bounce from there and carry on towards the highs
35p, 50p, 65p and 87p look to me like areas of resistance
All IMO!
Cheers
theyknowitall
Haha you’re right there mate! A bit of faith is all you need and Santa will do the rest ;)
All the best pal
Hi MKumar,
From the daily chart I can see we are in an overall trend of higher highs and higher lows, and it looks like yesterday’s push broke that big triangle that has been forming. The price consistently tapped 1.3 over the last few weeks (creating a pivot point) and if it can now stay above that it should climb steadily up to 2.5 and beyond imo!
I’m new to this but will deffo read up more on the Elliot Wave pattern, there are so many names for patterns etc and I’ve not learnt them all yet! I often try to use chart analysis when I’m making an investment because it helps me physically see strength or weakness in a stock
All the best!
Morning holders
Just my 2p worth;
That huge rise on 14th Oct pushed UFO through an ascending resistance level that had been respected for many months. From what I understand a significant level like that will always be re-tested before the trend continues further (10/11/12/13Nov looks like it was re-tested to me on the way down) I know these levels are zones and not to the penny but I believe yesterday’s rise could be the beginning of the trend continuing onwards and upwards after it has touched the 50ema.
I’m really new to reading charts etc, and the fundamentals are also something I’m learning more about so this is all IMO and something I’ve noticed personally
Good luck all
Dai
Hi Max111,
Cheers, helpful contributors to the board like yourself make researching a lot easier!
The UFO train has left the station, its gonna be a bumpy ride but i'm more than confident it will get there. Nothing goes up in a straight line. We have some significant support levels that could get tested over the coming weeks but plenty of top up opportunities imo before we see the next leg up
Good luck mate
Vox***
First post here, been on the sidelines for a few weeks now
Hopscotch thanks for below post, really helps put things into perspective and great to see some positivity!
I also listened to Bill's interview on ********** earlier on and that was refreshing given the current volatility we are seeing.
Happy holding and excited for the future..
Those question marks are a thumbs up lol
Hi guys,
Thanks all the LTH for your depth of research, you’ve helped me make an informed investment decision. You know who you are! I’ve really enjoyed this board from the sidelines this year and soaked up a wealth of information in the process, so thank you for that.
(My 2p worth) I wanted to mention that from a technical/chart perspective I see GGP is showing significant strength after it broke a key level of ascending resistance on 10th Sept. It has now found support at that level and is poised to continue strongly upwards during the coming weeks and months.
I am fairly new to charting, but from what I’ve digested GGP is showing textbook signs of trend continuation to the upside and with a combination of a strong daily chart and solid news/fundamentals this is comfortable hold for medium/long term.
I’m a young/new investor but enjoying the journey here and owe a lot of it to you guys.
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